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Council establishes bond advisory task force to prioritize projects for possible 2027 bond
Summary
Council voted to establish a 15‑member bond advisory task force to review and prioritize a preliminary project list for a possible May 2027 bond election; staff estimated preliminary project totals exceeding $300 million and debt‑capacity scenarios between about $180M and $240M.
Staff recommended creation of a bond advisory task force to review candidate projects and deliver a prioritized recommendation to council ahead of any bond election. Randy Leiter, director of engineering capital projects, said staff has prepared a preliminary project list that currently totals more than $300 million and outlined a timeline to appoint the task force, have the group meet through the fall and present recommendations by year‑end.
Leiter said early modeling indicates debt capacity in a range of roughly $180 million to $240 million depending on assumptions, and that staff will return in two weeks with membership appointments. Council approved establishing the task force and several council members announced prospective appointees; the task force chair (Eric Boyse) and several council appointees said they will submit applications for formal appointment at the next meeting.
The council’s action establishes the task force and directs staff to publish the application and return with appointments for council approval at a future meeting.
